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Stamford Tyres reports full year 2011 earnings up 41.4 per cent

Stamford Tyres Corporation Limited has announced that its net profits for the year ended 30 April 2011 jumped 41.4 per cent to S$13.3 million off the back of “better sales mix of high performance tyres and earthmover tyres.” According to the company, this combination of high value items “offset rising tyre costs,” while the company’s business in the South Africa, North Asia and South East Asian markets are said to have put in strong sales performances.

22nd June 2011/by Tyrepress Editors

Tyre firms eye Saudi Arabia as strategic growth market

With more than 13 million tyres being imported annually and a market that is set to grow by 12 per cent each year (according to the US commercial service), Saudi Arabia is the largest market for tyres and tubes in the Middle East region. This growth, fuelled by an ecomomy riding on high oil prices, high disposable incomes and an appetite for all things automobile, means that the Kingdom is firmly in the sights of tyre and tube manufacturers worldwide.

19th April 2011/by Tyrepress Editors

Balkrishna Tyres to showcase latest products at Automechanika Middle East

Balkrishna Tyres will be exhibiting its latest range of All Steel Radial Tyres when it appears for the first time at this year’s Automechanika Middle East (7 – 9 June at the Dubai International Convention and Exhibition Centre). According to the show’s organisers, a full hall at Automechanika Middle East will be dedicated to. Along with the company’s recently launched all steel radials, which are sub-branded Earthmax, BKT will also display its range of branded industrial, construction, earthmoving, port and agricultural application tyres.

17th March 2011/by Tyrepress Editors

IRSG Chief to Open “Largest” Tyrexpo Asia

Tyrexpo Asia 2011 organiser ECI International has announced that the event’s eighth staging in Singapore will be opened officially by Dr Stephen Evans, secretary general of the International Rubber Study Group (IRSG). The Singapore-based IRSG provides statistical data and analysis for all aspects of the rubber industry. In opening the show, Evans will follow in the footsteps of his predecessor at the IRSG, Dr Hidde Schmidt, who performed a similar role at the opening of Tyrexpo Asia in 2009. ECI says the show will be the largest in terms of exhibitor numbers in the 15-year history of the event when it opens its doors from 29-31 March, 2011.

26th January 2011/by Tyrepress Editors

Stamford to Promote Firenza ST-05A HP Tyres at Tyrexpo Asia

Singapore’s Stamford Tyres has announced that it will use Tyrexpo Asia 2011 to promote its Firenza ST-05A range of V and W rated high performance passenger tyres. “The stand will include products from across our comprehensive range,” stated senior vice president (sales and marketing) Pat Berriman, “including truck and bus tyres plus our investment in new sports wheel technology will be a big attraction for wheel stockists as it offers something exciting and different in the sport wheels market.”

24th January 2011/by Tyrepress Editors

Stamford Tyres Confirms Automechanika Middle East 2011

Singapore based global tyre and wheel distributor Stamford Tyres has confirmed attendance for the next Automechanika Middle East in 2011. The exhibition, which takes place from 7 – 9 June at the Dubai International Convention and Exhibition Centre has added a range of product profiles to its Tyres section, which now has its own dedicated hall at the event. These include: Tyres (passenger, truck, bus, trailer); Tyres (OTR, Agricultural, Industrial/TBR); Rims, Tubes and Casings; Tyre Repair Material, Patches, Retreading Material and Equipment.

3rd November 2010/by Tyrepress Editors

Sumo Firenza “Builds UK Image” at Brityrex

With a prominent position at Brityrex 2010, Singapore-based Stamford Tyres said it had concentrated on further enhancing the growing profile of their Sumo Firenza brand in the UK, Ireland and Europe. The Sumo Firenza sales team welcomed “a steady flow of visitors” to the brand’s attractive stand, which incorporated an extensive selection of tyres incorporating PCR, UHP, 4×4/SUV, light truck and truck plus alloy wheels from the group's SSW (Stamford Sport Wheels) range.

13th October 2010/by Tyrepress Editors

Sumo Firenza Rolling Out ST-05A

Occupying a sizeable booth towards the front of the exhibition hall at Brityrex, Stamford Tyres is exhibiting its proprietary ranges of wheels – branded SSW Wheels – and UHP Sumo Firenza-branded tyres, its stand divided logically between the products. The company is particularly promoting the continued addition of new sizes for its new ST-05A pattern, with the range due to be completed in November.

5th October 2010/by Tyrepress Editors

Sumitomo After 1.8% Stake in Stamford Tyres

Sumitomo Rubber Industries, Ltd. SRI is to purchase a 1.8 per cent stake in international tyre and wheel distributor, Stamford Tyres Corporation Limited. Subject to the approval from the Singapore Stock Exchange, Stamford Tyres announced 21 September that it will issue SRI 4.3 million new shares at a price of S$0.35 per share.

Net proceeds from the placement, after deducting expenses of S$100,000, are said to be approximately S$1.4 million (£674,522; 793,471 euros; US$1.054 million) According to the company, the net proceeds will be used to fund the group’s working capital needs in South Africa.

22nd September 2010/by Tyrepress Editors

Sumo Firenza Offers Broadening Size Range

The Sumo Firenza brand is continuing on its strategy of being a competitive option within the truck tyre market in both Europe and the UK, according to global distributor Singapore-based Stamford Tyres. In the UK Sumo Firenza truck tyres are exclusively distributed by West Midlands based International Tyres.

Company representatives attribute the brand’s progression to face that its products incorporate Japanese technology and are manufactured in the Far East. In addition Sumo Firenza’s truck tyre portfolio offers a growing size range plus a broadening choice for the Super Singles market.

25th August 2010/by Tyrepress Editors

Stamford to Give Sumo Firenza STO5A UHP Debut in October

Singapore-based Stamford Tyres has confirmed the firm will makes first appearance at Brityrex for five years, with the company’s new Sumo Firenza STO5A making its UK debut. Located at stand 10, Stamford representatives report they will be presenting “an extensive collection of tyres and wheels plus many members of the Sumo Firenza European Sales team will be on hand.”

The all-new Sumo Firenza STO5A ultra high performance tyre, which was only launched at Reifen Essen in June, will take centre stage. Officials say it offers “an impressive asymmetric pattern, with significant benefits in low noise, rolling resistance plus high grip levels in wet road conditions.” Furthermore the tyre complies with all the latest European standards, has been specifically designed for the UK and European tyre markets and will be available in 34 sizes including 19 and 20 inch diameters.

22nd July 2010/by Tyrepress Editors

TyrexpoAsia Reports ‘Buoyant’ Exhibitor Bookings for 2011 Show

Nine months before the next TyrexpoAsia in Singapore, the show’s organisers are reporting that the exhibition is already 56 per cent full. Companies already committed to the exhibition next March include tyre manufacturers and distributors BKT, Belshina, Mindtrac, Omni United, Stamford Tyres, Techking and YHI, workshop equipment suppliers Newera Equipment, tyre repair equipment specialist Monarch Vulcanising Systems and Elgitread, the Indian supplier of tread rubber.

Singapore-based Stamford Tyres’s marketing executive Suzsu Yeung Mei Mei, said: “As a Singaporean company it is particularly important that we take advantage of the international tyre industry focus that TyrexpoAsia brings with it. It will be a great opportunity to introduce dealers and distributors to our latest car tyre, the ultra high performance Sumo Firenza ST05A. We will also be inviting customers to visit our offices and meet local retailers while they are in Singapore.”

13th July 2010/by Tyrepress Editors

Eighth CITExpo to Open with Chinese Tyre Exports Continuing to Rise

Wilko Fong, the managing director of Reliable International Exhibition Services, is buoyant about the upcoming CITExpo 2010. Suggesting that the recent economic turmoil has come to an end, Fong believes the worldwide economies are on the up and one of the areas in which this has been most prevalent has been the tyre industry, especially in China, which has become the top ranked tyre exporting country. According to export figures released by Chinese customs, Fong continues, in the first quarter of 2010 the quantity and value of exported tyres to Latin America, Europe and Asean has risen from 20 to 40 per cent from the major ports, such as Shanghai, Guangzhou and Tianjin. “We can also observe the recovering market from the enthusiasm of the exhibitors and pre-registered visitors of CITExpo 2010,” he continued.

30th June 2010/by Tyrepress Editors

Stamford Tyres “Laid Foundations for Future Growth” in FY2010

Singaporean tyre and wheel distributor Stamford Tyres has announced a net profit of S$9.4 million (£4.5 million) for the end of financial year 2010, which ended on 30 April, over eight times the net profit of S$1.0 million in FY2009. The company’s president and CEO, Wee Kok Wah said: “Over the past year, we have worked hard to lay the foundations for the Group’s future growth… In accordance with the much improved set of results the Board of Directors has recommended a final dividend of 1.0 Singapore cents to reward our loyal shareholders.” The company reduced its operating expenses by 16.3 per cent, from S$64.5 million in FY2009 to S$54.0 million in FY2010, while Stamford experienced the slightest of declines in gross profit – down 1.5 per cent to S$66.5 million – and its gross profit margin, which was at 21.4 per cent as opposed to 22.7 per cent the previous year. Higher tyre purchase prices worldwide and lower sales from the Group’s Thai wheel plant were the main causes.

29th June 2010/by Tyrepress Editors

Kirkby and BKT on Show at Brityrex 2010

Kirkby Tyres and Indian manufacturer BKT have announced that they are joining forces at October’s Brityrex International exhibition to promote their new UK distribution agreement. In addition show organisers ECI International have announced that the Tyre Industry Federation (TIF) has confirmed it will be present with a member’s lounge and business briefings during the show, which will run on 5, 6 and 7 October.

8th June 2010/by Tyrepress Editors